replace a full Cello System?


an open question, and your comments are highly regarded...
I have a family friend with a Cello system (Palette, Performance II Amps, PS, Stradivari Speakers, strings). Its a monster system and she likes it. However, she has moved and believes the system is too big for her now. Given the current quality of her gear, can anyone suggest a 2009 approach to the following listener needs...(I know its subjective and apples/oranges, but please humor me)

- full sound, high definition
- power not as important (small apartment)
- speakers can't be huge
- she likes the palette, is there another pre that has parametric eq out there?
- CDs will be primary source, need input for one or two more sources in the future
- need to be able to pay for the new equipment with the sale of the old (preferably with money to spare)

I'm afraid I've been out of the game so long I'm not sure of a starting point. Any suggestions toward a solution would be helpful. thanks.
amfibianandrew
I have a couple of friends that had Cello electronics (Performance II + Encore and Duett 350 + Encore) and they moved to Viola Labs (Spirito + Bravo).

I think it´s the correct step if you have money, like Cello neutrality and control and are searching for more else like liquidity and refinement with that both aspects. Both Tom Colangelo and Paul Jayson are/were involved in this absolutely amazing world class components.

I seriously recommend your friend to listen Viola Labs.
Again, thanks to everyone for recommendations. The system is now for sale here on Audiogon.
http://www.audiogon.com/cgi-bin/cls.pl?ampstran&1233627102&/Cello-Music-System:-Stradivari

Feel free to contact me with questions or for a link to the image gallery.
I saw the owner kept the Palette. Is it the less expensive Palette Pre or more exotic Audio Palette? If it is the latter, I suppose she has an Audio Suite. Better keep this combination as the preamp/equalizer and replace other components. Suite/Palette are the SUPREMNA!